M&A - Acuitas Group Holdings, LLC

Form Type: SCHEDULE 13D/A

Filing Date: 2025-06-30

Corporate Action: Acquisition

Type: Update

Accession Number: 000110465925064325

Filing Summary: This document serves as Amendment No. 34 to Schedule 13D, filed by Acuitas Group Holdings, LLC and related parties. It updates financial information and ownership details regarding Ontrak, Inc. Significant points include Mr. Peizer's conviction leading to a 42-month sentence, and details of the Seventh Amendment to the Master Note Purchase Agreement. This amendment involves the termination of the May 2025 Agreement and a new commitment by Acuitas Capital to purchase up to $8.45 million in Demand Notes. The completion of the June 2025 Offering, resulting in substantial adjustments to the exercise prices and increased share issuances, is also covered. The amendment clarifies that Acuitas now holds 91,592,858 shares, representing approximately 92.9% ownership of the total shares deemed outstanding. Multiple share adjustments are outlined due to new issuance terms based on recent agreements and capital contributions.